Learn how leakages like taxes, savings, imports and commuting end the rounds of spending in IMPLAN, and where to find leakage data.
INTRODUCTION
When you analyze an economic impact with IMPLAN, you model multiple rounds of spending. But what prevents the cycles of spending from continuing on forever?
If you guessed “leakages,” you’re correct!
In this webinar, you will learn about how leakages work, the various types of leakages, what data sources help us quantify them, and where that data can be found in IMPLAN Cloud!
Understanding leakages is essential for successful economic impact analysis. Understanding leakages can help with:
- Accurate Economic Impact: Understanding leakages ensures a precise assessment of how much money stays in the local economy.
- Better Policy Making: Identifying leakages helps create policies that maximize local economic benefits.
- Informed Investment: Investors can make better decisions to ensure their investments benefit the local economy.
- Community Support: Minimizing leakages means more economic benefits for local jobs, businesses, and services.
- Sustainable Growth: Reducing leakages fosters long-term economic sustainability and growth within communities.
RECORDING
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Written July 18, 2024